Trump Meme Coin Secures Major Exchange Listings: Can it Overtake Bitcoin?

Official Trump (TRUMP) Meme Coin has declined by 12% in the past 24 hours. It slipped to $52.61 after a massive opening weekend in which it rose by as much as 1,600%.

Incoming US President Donald Trump has released TRUMP via a subsidiary of his own Trump Organization. That makes it an official token in a sea of unofficial pretenders.

Despite launching recently on Friday, TRUMP has already secured a listing on major exchanges such as Kraken, OKX, Bitget, and KuCoin. That helped it propel itself to 21st in the cryptocurrency market in terms of capitalization.

More listings are likely to follow, TRUMP may reach new highs very soon. Let’s take a closer look at how the coin might perform going forward. 

Trump Coin Secures Major Exchange Listings – Can it Overtake Bitcoin?

Donald Trump has released his very own token via CIC Digital LLC. It is a Trump Organization affiliate that has previously launched other Trump merchandise.

Launched via X and TruthSocial, Trump described the coin as a chance to “celebrate everything we stand for: WINNING.”

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Besides, anyone who was able to secure TRUMP early enough has certainly won some serious gains. The coin is still 1,150% up from its lowest-recorded price on CoinGecko.

Looking at its 45-minute chart, the Solana-based meme token has lost momentum in the past few hours.

It is perhaps not surprising, especially how much the market overbought it over the weekend. Moreover, it seems that the coin could fall further before facing a support level.

If we treat this alt as a normal tradable asset, its indicators suggest it might drop in a few days. It can recover again later in the week.

However, a big caveat is essential with Trump Coin. A quick scan of its allocation reveals issuers (including Trump) will own 80% of the token’s total supply.

As such, TRUMP may be in for a big dump before long, with a cynic likely to argue that the coin is a pre-inauguration cash-in on Trump’s part.

It’s worth noting that Trump also reposted a meme coin launched by his wife, Melania.

The Melania Meme Coin

Melania Meme (MELANIA) coin, another Solana-based token, borrows the likeness of the First Lady.

MELANIA has stolen some of TRUMP’s thunder. That’s because the newer meme coin is up by 45% in 24 hours as of writing.

Predicting what either coin will do next is a fraught business. Both coins are capable of further gains, especially if more exchanges list either of them.

However, in the longer term, it’s hard to see either token remaining in the top 100 for very long. It is because of their respective tokenomics.

New Meme Tokens with Strong Fundamentals and Huge Potential

Of course, the main issue with Trump Coin is that it has no fundamentals to speak of, notwithstanding its association with a sitting US president.

And because nothing fundamental is really supporting its price, some traders may prefer to look to stronger alternatives.

A great example of this would be Solaxy (SOLX), another Solana-based coin that has raised more than $12 million in its hugely popular presale.

Solaxy is Solana’s first-ever layer-two network, one which will help Solana users avoid failed transactions, outages, and congestion.

Such issues continue to affect the layer-one network during periods of peak traffic, even with recent updates.

There could, therefore, be strong demand for SOLX, which, as Solaxy’s native token, will serve as payment for transaction fees.

Holders will also be able to stake the token, making it potentially very profitable to hold.

Investors can join its sale by going to Solaxy’s official website, where SOLX currently costs $0.001608.

This price will rise again in less than 48 hours, so buyers should act sooner rather than later.

Visit Solaxy Presale